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No one is saying that the bottom of the market has been reached, but new-buyer inquiries are at their highest level since 2006.
For homebuyers, the emergence of daffodils, longer hours of sunshine and Easter mean one thing: it is time to get viewing. The downturn has not stopped people window-shopping. On the contrary, new-buyer inquiries in February rose to their highest level since August 2006, according to the Royal Institution for Chartered Surveyors. March figures are expected to show another rise. This enthusiasm has yet to translate into a rise in sales — mortgage lenders have yet to water those “green shoots”, although HSBC’s decision to offer better rates to some customers who have a deposit of only 10 per cent may foreshadow a future rise in sales, particularly to first-time buyers.
Are we at the bottom of the market?
Read more...
Also watch "Jim Rogers the UK is FINISHED" - click here...
Jenny
For homebuyers, the emergence of daffodils, longer hours of sunshine and Easter mean one thing: it is time to get viewing. The downturn has not stopped people window-shopping. On the contrary, new-buyer inquiries in February rose to their highest level since August 2006, according to the Royal Institution for Chartered Surveyors. March figures are expected to show another rise. This enthusiasm has yet to translate into a rise in sales — mortgage lenders have yet to water those “green shoots”, although HSBC’s decision to offer better rates to some customers who have a deposit of only 10 per cent may foreshadow a future rise in sales, particularly to first-time buyers.
Are we at the bottom of the market?
Read more...
Also watch "Jim Rogers the UK is FINISHED" - click here...
Jenny